I agree with you - but at some point you've got to ask yourself what the risk/reward of buying in is. It's all timing in the market, regardless of how good a company is if you buy it at the top and it drops you're perspective of how you regarded the company might change..
Looking at the weekly chart we've got support at 5.09 on the FIB channels. I've tripled my holding today at these levels. We've dropped 25% in a couple of days, showing way oversold and it is inevitable that the stock will find support. I'll be looking closely if we drop more in the coming days and will continue to buy up shares at these prices for LT hold.
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Last
$6.77 |
Change
-0.090(1.31%) |
Mkt cap ! $4.678B |
Open | High | Low | Value | Volume |
$6.78 | $6.86 | $6.73 | $5.513M | 814.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1258 | $6.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.81 | 5548 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1258 | 6.760 |
1 | 6436 | 6.750 |
1 | 8881 | 6.740 |
1 | 3566 | 6.730 |
3 | 13150 | 6.710 |
Price($) | Vol. | No. |
---|---|---|
6.810 | 5548 | 3 |
6.820 | 4290 | 1 |
6.830 | 4290 | 1 |
6.860 | 322 | 1 |
6.930 | 9189 | 2 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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CGF (ASX) Chart |